10c Panama-Pacific, Perf 10 (404). Mathematically centered within wide and perfectly balanced margins, bright color on post-office fresh paper

EXTREMELY FINE GEM. A SPECTACULAR ORIGINAL-GUM EXAMPLE OF THE 10-CENT PERF 10 PANAMA-PACIFIC, AWARDED THE PERFECT GRADE OF GEM 100 BY P.S.E.

Ex Merlin and "Alan". With 1985 P.F., 2011 and 2016 P.S.E. certificates (OGph, Gem 100; SMQ $2,850.00). This is the highest grade awarded to a hinged stamp, and it has been equaled by only one other (also one Mint N.H. graded 100). For the collector who values centering more than never-hinged gum, this stamp presents a rare opportunity, and would be a marvelous capstone to a superb Panama-Pacific set.

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